Pari-mutuel for amusement only
Use of this token is yet to discovered.
Pari-mutuel, method of wagering introduced in France about 1870 by Parisian businessman Pierre Oller, by 1887 parimutuel wagering became the legalized form of betting in France. [from French, literally: mutual wager] The large amount of calculation involved in this system led to the invention of a specialized mechanical calculating machine known as a totalisator, invented by the Australian engineer, George Alfred Julius.
PATENT SPECIFICATION 332,390
Application Date : July 8, 1929. No. 20,943/29.
Complete Left: April 7, 1930.
Complete Accepted: July 24, 1930.
Improvements relating to Pari-mutuel or the like Betting Apparatus.
I, FRED HOWARD, of 8, Bloomsbury Square, London, W.C. 1, a British Subject, do hereby declare the nature of this invention to be as follows :—
This invention relates to pari-mutuel and the like betting devices and has for its object to provide a simple device having many of the advantages of the electric totalizators (especially in the matter of 10 showing the manner in which each unit comprising the stake money is being placed) at a relatively low cost.
The present invention...